South African Stocks

Best South African Stocks: This South African Stock forecast is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

• Top 10 South African stocks for the long position
• Top 10 South African stocks for the short position

Package Name: By Country – South African Stocks
Recommended Positions: Long
Forecast Length: 3 Months (3/16/21 – 6/16/21)
I Know First Average: 10.42%

I Know First’s State of the Art Algorithm accurately forecasted 9 out of 10 trades in this By Country – South African Stocks Package for the 3 Months time period. The top performing prediction from this package was TFGJ.J with a return of 36.47%. MTNJ.J and TRUJ.J also performed well for this time horizon with returns of 20.7% and 16.14%, respectively. The package had an overall average return of 10.42%, providing investors with a 11.74% premium over the JSE Africa’s return of -1.32% during the period.

Foschini Group Limited is an investment holding company. The Company’s segments include Retail trading divisions, which consists of the @home division, Exact, The FIX division, the Foschini division, the Jewelry division, the Markham division and the Sports division, retail clothing, jewelry, cosmetics, cellphones and homeware

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.